Microsoft

British regulators have blocked Microsoft's USD 69 billion deal to buy video game maker Activision Blizzard over worries that it would stifle competition in the cloud gaming market.
The Competition and Markets Authority said in its final report Wednesday that the only effective remedy to the significant loss of competition that the deal would result in is to prohibit the Merger.
The all-cash deal was set to be the biggest in the history of the tech industry.
But it faces stiff opposition from rival Sony and is also being scrutinised by regulators in the US and Europe over fears that it would give Microsoft control of popular game franchises like Call of Duty.
Microsoft said it was disappointed and signalled it wasn't ready to give up.
We remain fully committed to this acquisition and will appeal, President Brad Smith said in a statement. He said the UK watchdog's decision rejects a pragmatic path to address competition concerns" and discourages tech innovation and investment in th

Microsoft Teams

Meanwhile, Twitter CEO Elon Musk has threatened to sue Microsoft over claims that the company "trained illegally using Twitter data"

M&A, mergers & acquisitions, merger, partnerships, Joint venture, JV

GCV compiles its annual Powerlist of the top 100 heads of corporate venturing units out of more than 2,000 venturing companies globally

General view of Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris. Photo: Reuters

The new reply-all email block feature will stay in place for four hours

Microsoft Ventures to power mature companies too

The US-headquartered company to also stimulate later-stage start-ups, even those after Series-A funding

Collection in H1 over 50% of BE of Rs 27,625 cr

Union Civil Aviation Minister Jyotiraditya Scindia and Railways Minister Ashwini Vaishnaw have been coordinating in recent months on these projects

PM Gatishakti: 3 upcoming airports on fast track to get rail connectivity

airport

India has told Canada that if any of these diplomats stay after October 10, their diplomatic immunity will be revoked

Justin Trudeau

The run-up in the markets in these last few months, analysts at HSBC said, has made investors nervous about the markets amid multiple headwinds

markets

What the data suggests, however, is that India's numbers are unsustainable. They're driven by debt-fueled household consumption and government investment

Rupee, Indian Rupee, Indian currency

Indian shooters beating the Chinese in their own den at the ongoing Asian Games has enhanced their "self-belief" and given them the confidence that they can beat the "best in the world", said pistol coach Samaresh Jung following the country's marksmen's sizzling performance at the continental showpiece.
Jung, who is in Hangzhou with the Indian contingent, added that the success of the band of young shooters at the Asian Games was a significant "milestone" in their sporting journey.
"They (shooters) need to believe that they can do it, and now they have seen it. Beating a powerhouse like China in China is a big thing and it would certainly enhance their self-belief. This made them realise that they can beat the world," said Jung, who had won five gold medals at the 2006 Melbourne Commonwealth Games, earning him the sobriquet 'Goldfinger'.
"It is the beginning of their journey as they are just 18, 19 or 20-years-old. They have a long way to go but this Asian Games would be the milesto

India's Sarabjot and Divya win silver in Mixed Team 10m air pistol event. Photo: SAI

Asian Games 2023

The hike in prices is likely to hurt consumers as the gas distribution companies are expected to increase prices of CNG and PNG

natural gas pipeline

A groin strain has been troubling Neeraj Chopra for some time now but the Olympic champion does not want the thought of injury affect him as he gears up to defend his Asian Games title.
Chopra played most part of the season with a groin strain but still won the world championships title in August in Budapest and went on to finish second in the Diamond League finals on September 16.
"I have come back here after training and doing rehab in a relaxed manner in Switzerland. I hope to give my 100 per cent and defend my Asian Games title," Chopra told reporters here.
The 25-year-old javelin thrower has Olympic qualification in his mind.
"A little bit of groin issue is still there, it happened last year also. I was feeling better but it happened again. I have to take care of this very well and then prepare for the Paris Olympics. This kind of thing happens for athletes who compete at the top level."
He said the challenge throughout the season was how to keep his mind away from the injury

Neeraj Chopra

The four-month monsoon season has ended with India receiving "normal" rainfall -- 820 mm against a long-period average of 868.6 mm -- with positive factors countering the effect of El Nino conditions, the India Meteorological Department (IMD) said on Saturday.
Rainfall between 94 per cent and 106 per cent of the long-period average (LPA) is considered normal.
However, normal cumulative rainfall over the country during the monsoon season doesn't mean even spatial and temporal spread of precipitation.
The Indian monsoon refers to inherent fluctuations and changes that occur over time due to various natural factors. This is called natural variability.
Research, however, shows climate change is making the monsoon more variable. Increased variability means more extreme weather and dry spells.
IMD Director General Mrutyunjay Mohapatra said with positive factors countering the effect of El Nino, the 2023 monsoon ended with 94.4 per cent cumulative rainfall, which is considered "normal".

Youngsters take a selfie during monsoon rain, near India Gate in New Delhi (Photo: PTI)

Rainfall, Delhi rain, IMD

He added that Chhattisgarh received thousands of crores worth of central funds for infrastructure development here over the last five years

PM Modi

The combined market valuation of five of the top 10 most valued firms declined by Rs 62,586.88 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid an overall bearish trends in equities.
Last week, the BSE benchmark fell 180.74 points or 0.27 per cent, and the Nifty declined 35.95 points or 0.18 per cent.
The market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore.
Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore.
The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore.
The market capitalisation (mcap) of HDFC Bank dipped Rs 2,008.74 crore to Rs 11,57,145.86 crore.
However, the mcap of Bajaj Finance jumped Rs 20,413.41 crore to Rs 4,73,186.41 crore.
Bharti Airtel added Rs 8,520.13 crore to Rs 5,19,279.14 crore in its valuation while

Even if generative artificial intelligence has been overhyped, it's safe to assume that ChatGPT-type bots will only get better at routine tasks like writing computer software

jobs, IT jobs, IT industry, AI

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public will rise

Banks credit growth

Bidhuri may be a small fry in the larger calculus of the party. Yet, in his blundering and uncultured way, he was voicing in Parliament what has already been normalised on the streets

Bidhuri

IRCTC has launched a 5-night and 6-day package for those who are willing to explore the tourist's paradise. Here are the complete details about the IRCTC Amazing Goa ex Rajkot package

Indian Railways cancelled more than 160 trains on Monday, August 29.

indian railways, IRCTC, Cancellation

Aishwarya Rai Bachchan stunned the audience when she walked the ramp at the Paris Fashion Week, organised by French cosmetic giant L'Oreal, alongside Kendal Jenner and Camila Cabello

Aishwarya Rai Bachchan

Blue Dart Express Limited on Tuesday announced an increase in shipment prices effective from January 1, saying the average hike will be 9.6 per cent as compared to the current prices, depending on the shipping profile.
The company in a statement said customers signing up from October 1 to December 31, 2023 will not be impacted by the price increase.
It said Blue Dart reviews and adjusts its pricing annually.
This adjustment considers a multitude of factors including the current macroeconomic factors, geopolitical tensions, tighter monetary and fiscal policies, inflationary pressures, and exchange rate fluctuations, all of which impact the cost structure, the company added.
Elaborating on the announcement, Blue Dart Managing Director Balfour Manuel said: "Our annual rate adjustment primarily aligns with inflation and empowers us to maintain service excellence while addressing rising costs."
Blue Dart Express Limited, air and integrated transportation and distribution express logist

blue, dart, blue dart

The interim distribution of Rs 10,000 crore was across 14 companies - including two vertical holding companies - IL&FS Transportation Networks Limited (ITNL) and IL&FS Financial Services (IFIN)

debt

HDFC agreed last April to acquire the country's largest mortgage lender in a deal valued at about $60 billion to ride a boom in home loans and consumer spending

Microsoft Ventures

UK blocks Microsoft's $69 bn deal Activision deal over competition fears

Microsoft to stop bundling Teams with Office to avoid antitrust probe

GCV Powerlist 2020: 5 Indians among top 25 venture capitalists in the world

Microsoft set to roll out new 'reply-all protection feature' for Office 365

Microsoft Ventures to power mature companies too